Kaka Industries IPO will open for subscription from 10 July 2023. the company aims for an issue size of ₹21.23 Cr through this IPO.
Company Overview
| Full name | Kaka Industries Limited |
| Sector | Plastic Products |
| Industry | Plastic Products |
| Company Website | https://kakaprofile.com/ |
About Company
Incorporated in 2019, Kaka Industries manufactures polymer-based profiles for application in doors, windows, partitions, false ceilings, wall paneling, kitchen cabinets & other interior and exterior works. Its product portfolio has over 1200 SKUs covering PVC Profile, uPVC door & window profile, WPC profile & sheets in various sizes, specifications, and colors. The company is also engaged in the fabrication of factory-made PVC & Solid PVC doors. Except for WPC (Wood-polymer composite) profile and doors, all its products are non-wood based.
Kaka Industries markets its products through an extensive network of 300 dealers spread across over 20 States and Union Territories of India. Its distribution network comprises 3 depots situated in Gagilapur (Telangana), Dadri (Uttar Pradesh), and Surat (Gujarat).
The company has three manufacturing units in village Zak, Gandhinagar district, Gujarat, which have a combined installed capacity of 15,425 MT for manufacturing PVC profile, 2,995 MT for WPC profile & sheet, and 2,022 MT for uPVC door & window profile. It has a well-equipped laboratory, modern technology, and testing equipment with supporting environment and facilities, to ensure that the products conform with the desired quality.
The Objective of the Issue
- To meet Working Capital requirements,
- Repayment and/or pre-payment, in full or part, of certain borrowings availed by the company,
- General corporate purpose, and
- To meet issue expenses.
IPO Timetable
| IPO Opening date | 10 July 2023 |
| IPO Closing | 12 July 2023 |
| Basis of Allotment | 17 July 2023 |
| Initiation Refund | 18 July 2023 |
| Credit to Demat Account | 19 July 2023 |
| Listing Date | 20 July 2023 |
IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹21.23 Cr – 3,660,000 shares |
| Fresh Issue | ₹21.23 Cr – 3,660,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Price Band | ₹55 to ₹58 per share |
| Lot size | 2000 Shares |
| Listing Exchange | BSE SME |
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹116,000 |
| Retail (Max) | 1 | 2000 | ₹116,000 |
| HNI (Min) | 2 | 4,000 | ₹232,000 |
Reservation Details
| Anchor Investor Shares Offered | – |
| Market Maker Shares Offered | 192,000 (5.25%) |
| QIB Shares Offered | 1,732,000 (47.32%) |
| NII (HNI) Shares Offered | 522,000 (14.26%) |
| Retail Shares Offered | 1,214,000 (33.17%) |
| Total Shares Offered | 3,660,000 (100%) |
Financial Performance
| FY 2021 | FY 2022 | FY 2023 | |
| Revenue | 78.75 | 116.96 | 158.50 |
| Expenses | 74.62 | 110.44 | 148.84 |
| Net income | 3.03 | 4.98 | 7.19 |
Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 4.59 | 4.98 | 7.19 |
| PE ratio | – | – | 7.65 – 8.07 |
| RONW (%) | 40.68 | 40.09 | 36.72 |
| NAV | 11.28 | 12.41 | 19.57 |
| ROCE (%) | 19.64 | 21.62 | 20.83 |
| EBITDA (%) | 7.68 | 8.17 | 8.49 |
| Debt/Equity | 2.69 | 2.20 | 2.05 |
Company Promoters
- Rajesh Dhirubhai Gondaliya
- Bhavin Rajeshbhai Gondaliya
- Rajeshkumar Dhirubhai Gondaliya (HUF)
Promoter Holding
| Pre Issue Share Holding | 95.32% |
| Post Issue Share Holding | 69.78% |
Lead Manager(s)
HEM SECURITIES LIMITED
904, A Wing, Naman Midtown,
Senapati Bapat Marg, Elphinstone Road,
Lower Parel, Mumbai-400013, Maharashtra
Phone: +91- 022- 49060000
Email: ib@hemsecurities.com
Website: www.hemsecurities.com
IPO Registrar
BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor,
Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East,
Mumbai – 400 093
Phone: +91 22 6263 8200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Contact Details
KAKA INDUSTRIES LIMITED
Plot No. 67, Bhagwati Nagar, Opp. Nilkanth Arcade,
Opp. Kathwada GIDC, Kuha-Kanbha Road, Ahmedabad-382415 Gujarat
Phone: +91-80004-46524
E-mail: investors@kakaprofile.com
Website: www.kakaprofile.com
Allotment Status
Kaka Industries IPO allotment status will be available on Bigshare Services’ website. Click on this link to get allotment status.
Final thoughts
Kaka Industries IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.
Happy Investing
